Question: Jill bought a house for $ 8 0 0 , 0 0 0 and sold it for $ 1 million after 5 years. She made
Jill bought a house for $ 8 0 0 , 0 0 0 and sold it for $ 1 million after 5 years. She made no improvement on the house. When she was selling, she paid various fees and commissions; the total amount of such costs was 8 % of the selling price. Her average capital gain tax rate was 1 2 % and her marginal capital gain tax rate was 1 5 % . She was single. Her after - tax income increased by $ _ _ _ _ _ _ _ _ _ _ if she took home sale tax exemption
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